Janus International Group (NYSE:JBI) Sees Unusually-High Trading Volume

Shares of Janus International Group, Inc. (NYSE:JBI) saw an uptick in trading volume on Friday . 3,857,199 shares changed hands during trading, an increase of 369% from the previous session’s volume of 822,521 shares.The stock last traded at $10.11 and had previously closed at $10.44.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBI. Wolfe Research began coverage on Janus International Group in a report on Monday, July 24th. They set an “outperform” rating and a $14.00 target price for the company. TheStreet upgraded Janus International Group from a “c” rating to a “b-” rating in a report on Thursday, August 10th. KeyCorp increased their target price on Janus International Group from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Finally, Morgan Stanley increased their price objective on shares of Janus International Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research note on Friday, August 11th.

Janus International Group Stock Performance

The stock’s 50 day moving average price is $11.16 and its 200 day moving average price is $10.16. The company has a current ratio of 2.51, a quick ratio of 2.13 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.62 and a beta of 0.84.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Janus International Group had a net margin of 12.03% and a return on equity of 33.01%. The company had revenue of $270.61 million during the quarter, compared to the consensus estimate of $264.49 million. During the same period in the prior year, the business posted $0.17 EPS. Analysts expect that Janus International Group, Inc. will post 0.92 earnings per share for the current year.

Insider Activity at Janus International Group

In related news, Director Clearlake Capital Group, L.P. sold 7,711,621 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $9.09, for a total value of $70,098,634.89. Following the completion of the sale, the director now directly owns 348,946 shares in the company, valued at approximately $3,171,919.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new stake in Janus International Group in the 2nd quarter valued at about $28,000. Ensign Peak Advisors Inc acquired a new stake in Janus International Group during the third quarter worth approximately $30,000. Gyon Technologies Capital Management LP acquired a new stake in Janus International Group during the fourth quarter worth approximately $35,000. Point72 Middle East FZE acquired a new stake in Janus International Group during the second quarter worth approximately $41,000. Finally, Quantbot Technologies LP acquired a new stake in Janus International Group during the first quarter worth approximately $46,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

About Janus International Group

Janus International Group, Inc manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.